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Dec 26, 2012
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and, unfortunately, we didn't make the fuel economy on either car. what we want to communicate to you guys is how proud we are of you. the adults are really proud of each other. we've had a wonderful time working on this project. and really, really at the end of the day, this is an educational experience. and every single adult here has pulled ann and i aside and told us how impressed they are with you and what an incredible experience this is. you know, as a teenager, you might not realize everything that you've learned. but looking back on it, you will. and so for that, we're really proud. >> folks haven't heard the last of west philly. you know, we still... we still got more to do. just because we may not be in the x prize competition until the end doesn't mean we can't continue to the end to reach that 100 mile per gallon ratio and then put it in front of everybody and say, "we still were able to accomplish what we set out to do." >> and i wanna tell you something, one little, quick little blurb. you all heard me say how respect isn't given away,
and, unfortunately, we didn't make the fuel economy on either car. what we want to communicate to you guys is how proud we are of you. the adults are really proud of each other. we've had a wonderful time working on this project. and really, really at the end of the day, this is an educational experience. and every single adult here has pulled ann and i aside and told us how impressed they are with you and what an incredible experience this is. you know, as a teenager, you might not realize...
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Dec 29, 2012
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the economy started to work. everyone thinks it is oil prices. no. it is oil price, one element, is important. but also how government and how leadership of the country work together in order to make rules and circumstances for the growth and also for young people to get jobs, for example. look at spain now. the word is at 50% of young people on unemployment. >> rose: that is the number. >> it's terrifying, correct. >> rose: yes so then at 25 you don't know how every second, young professional doesn't know where he will work. so russia does maybe a little bit better than average in europe. with human rights, well, the stories get famous, they even get more famous than the killing of miners in south africa which amazes me in the modern world. >> rose: you mean the story does get a lot of attention. but there were even medvedev thought, had some question about how long they should be in prison. >> i think they should not even talk about seven years, that's ridiculous. >> rose: i mean your friend, the president could stop this in a second. >> well, i do
the economy started to work. everyone thinks it is oil prices. no. it is oil price, one element, is important. but also how government and how leadership of the country work together in order to make rules and circumstances for the growth and also for young people to get jobs, for example. look at spain now. the word is at 50% of young people on unemployment. >> rose: that is the number. >> it's terrifying, correct. >> rose: yes so then at 25 you don't know how every second,...
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Dec 27, 2012
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economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues.
economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues.
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Dec 30, 2012
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>> the economy is going to continue to turn around. not going to be a boon but it will continue to grow some what slowly in the first half of the year and start to pick up and housing a key part of that. >> chris: do you think congress and the continued perils of falling cliffs is that going to hurt the economy? >> it would be much more helpful if there was more certainty and the stock market wasn't constantly fluctuating over wondering what our congress going to do. >> chris: finally and this is an area a where we all have strong opinions if not not much that could be said about the first three categories. sports. bill? i know what you will say. you you could still revise this. >> looking forward to the redskins cowboys game tonight. are you going? >> chris: yes. >> you are bigger redskins fan than i am. i love rg 3 but being kind of the pessimist i am i expect them to dash my hopes and lose cowboys tonight and after the fantastic run the redskins will fall short of the playoffs. >> chris: this is dangerous because usually predictions
>> the economy is going to continue to turn around. not going to be a boon but it will continue to grow some what slowly in the first half of the year and start to pick up and housing a key part of that. >> chris: do you think congress and the continued perils of falling cliffs is that going to hurt the economy? >> it would be much more helpful if there was more certainty and the stock market wasn't constantly fluctuating over wondering what our congress going to do. >>...
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it did inflate the economy. the problem is that you had fiscal policy which is what the white house could control. it didn't really work. it worked horribly. we know that unemployment is going down because the labor force is shrinking. that's why it is going down. it is an unprecedented thing. the only thing left to do is monetary policy. you try to pump up the economy by printing more money. a lot of people criticize ben bernanke for that. it could sew the seeds of inflation where down the road the stuff will be way too expensive. it was the only game in town. if you believe bernanke, if he didn't do that, we may have gone into a double dip recession or something worse. >> let's talk about the fact that so many people who are heads of companies, corporations , manufacturing, service, doesn't matter what sector of the economy, there is such uncertainty looking into the new year. i want you to talk about the likelihood that businesses in this country are going to expand in this economic climate. >> i don't think
it did inflate the economy. the problem is that you had fiscal policy which is what the white house could control. it didn't really work. it worked horribly. we know that unemployment is going down because the labor force is shrinking. that's why it is going down. it is an unprecedented thing. the only thing left to do is monetary policy. you try to pump up the economy by printing more money. a lot of people criticize ben bernanke for that. it could sew the seeds of inflation where down the...
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the economy is right on that precipice. if we were to just take a shot into, you know, the back side here, you know, our consumer confidence has been dropping week by week and we'll get right back into slow growth and then we'll freak out and do something more stupid. >> you were smirking, jonas. >> to get to your original question of the stock market, i think if they did nothing, but kick the can an entire year with all of these things and pushed the whole thing the next holiday season and holiday sales like this year, i think the market would go up, wall street is happy with pushing the problem down the road even though it should be addressed sooner than that. i don't think it's good for the stock market in the short run to solve these deficit problems. maybe we can keep rates 0 low and basically get money or nothing basically. >> steve? >> this is absolutely right. everybody thinks that 4 trillion dollars is going to wreck the economy somehow. these cuts are very small in terms of the overall size of the economy. plus, p
the economy is right on that precipice. if we were to just take a shot into, you know, the back side here, you know, our consumer confidence has been dropping week by week and we'll get right back into slow growth and then we'll freak out and do something more stupid. >> you were smirking, jonas. >> to get to your original question of the stock market, i think if they did nothing, but kick the can an entire year with all of these things and pushed the whole thing the next holiday...
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scramble since we have watched the economy go off the major cliff. president obama is saying they will have a agreement. this later on america's news headquarters. now back to forbes on fox . for all of your latest headlines. >> as the clock ticks down. new report shows that american workers are not using up all of the vacation time. they are said to be seen as lazy and losing their job. this is a good sign for the economy. how so, steve. not for those two reasons . we don't have too much vacation or little. we do it just right. europe had work like we did. you want lopping beer vacation you can have a stagnant economy like europe. we raise taxes we'll have longer vacation but fewer jobbings. >> you are right. we don't want to be like the french. and people here in the united states and government union. and i was on vacation and check my blackberry and read a rick unger e-mail while on vacation. >> you are never on vacation. >> you work it anyway. nine out of the 10 are checking their work phones. any time to rejuvenate and come back ragged. >> we n
scramble since we have watched the economy go off the major cliff. president obama is saying they will have a agreement. this later on america's news headquarters. now back to forbes on fox . for all of your latest headlines. >> as the clock ticks down. new report shows that american workers are not using up all of the vacation time. they are said to be seen as lazy and losing their job. this is a good sign for the economy. how so, steve. not for those two reasons . we don't have too much...
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economy would be a bad thing. is he still fighting tooth and nail to raise taxes on the successful. isn't there a contradiction there? if raising taxes on the middle class is bad? shouldn't it be really bad for the people that actually hire the middle class? >> absolutely. and it is a fragile economy, greg. you are right. and, two years ago the president when we had economic growth that was actually higher than it is today said we shouldn't be raising taxes in the middle of a weak economy. today here we are we still have got a fragile and weak economy. we know that raising taxes at the $250,000 threshold would hit a million small businesses who employ 25% of the workforce in this country. it would be all the analysts, all the economists say that this would be really bad for our economy. and if you look at the impact of the revenue increases. if the president gets all the tax increases he wants it funds the government next year for next a week. this is not a revenue problem it's a spending problem which is what rep
economy would be a bad thing. is he still fighting tooth and nail to raise taxes on the successful. isn't there a contradiction there? if raising taxes on the middle class is bad? shouldn't it be really bad for the people that actually hire the middle class? >> absolutely. and it is a fragile economy, greg. you are right. and, two years ago the president when we had economic growth that was actually higher than it is today said we shouldn't be raising taxes in the middle of a weak...
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. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. residents of the webster new york neighborhood set ablaze christmas ev
. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more....
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we are not in a productive economy. >> we have seen investment in economy. what about our favorite bull? what do you think? is 2013 going to turn the corner in a better direction like ben better -- bernanke and the other head chairs are saying? >> we haven't had a real recovery in four years. we really haven't. you just get the feeling that the economy is ready to pop. the argument though is everything washington is doing is holding back this expansion. that'sou the frustration investors and businesses feel. on the positive side you have the energy -- i highly agree with your conversation that technology are just drivers ofy high how perked -- high powered growth. but the force are the higher tax rates that are coming in 2013 and some of the regulation s in sew bough ma care are holding back -- in obamacare are holding back the willingness to expand and hire morene workers. >> and there is going to be a huge regulatory wave to finish out the dodd frank financial reform. there is a hugee, pinned up wave on energy. all kinds of rules hitting utilities and ener
we are not in a productive economy. >> we have seen investment in economy. what about our favorite bull? what do you think? is 2013 going to turn the corner in a better direction like ben better -- bernanke and the other head chairs are saying? >> we haven't had a real recovery in four years. we really haven't. you just get the feeling that the economy is ready to pop. the argument though is everything washington is doing is holding back this expansion. that'sou the frustration...
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Dec 26, 2012
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. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left won't go as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. residents of the webster new york neighborhood set ablaze chr
. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more....
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washington or the private economy? >> well, i think, actually if you look at a couple of indicators, it's not good for at least the first half of 2013. one is business investment. business investment is now weaker than in 2008. and on top, so you have lots of companies sitting on their hands and you also have small business confidence taking a huge hit in november, which is very worrying. and person per capita, person income. >> it's still down from even at the start of this recovery. steve, you wanted to get in there? >> yeah, let me be the bull here for a minute. we talk auld time about the energy sector and it's not just the energy sector, we've had a mini renaissance in manufacturing in this country, in transportation because of the fact the energy prices are falling and makes the american much more competitive at the margin. i think 2013 is going to see continued declines in energy prices. that's like a tax cut for the american consumer, paul. >> but, paul, the thing we haven't mentioned here is unemployment. we'v
washington or the private economy? >> well, i think, actually if you look at a couple of indicators, it's not good for at least the first half of 2013. one is business investment. business investment is now weaker than in 2008. and on top, so you have lots of companies sitting on their hands and you also have small business confidence taking a huge hit in november, which is very worrying. and person per capita, person income. >> it's still down from even at the start of this...
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the economy is growing. but sustaining that trend is going to require elected officials to do their jobs. the housing market is recovering but that could be impacted if folks are seeing smaller paychecks. the unemployment rate is the lowest it's been since 2008. but already you see businesses and consumers starting to hold back because of the dysfunction they see in washington. economists, business leaders, all think that we are poised to grow in 2013. as long as politics in washington don't get in the way of america's progress. so we have to get this done. i just want to repeat. we had a constructive meeting today. senators reid and mcconnell are discussing potential agreement. where we get a bipartisan bill out of the senate. over to the house and done in a timely fashion. so that we met the december 31 deadline. given how things have been working in this town, we always have to wait and see until it happens. one thing the american people should not have to wait and see is some sort of action. if we don't
the economy is growing. but sustaining that trend is going to require elected officials to do their jobs. the housing market is recovering but that could be impacted if folks are seeing smaller paychecks. the unemployment rate is the lowest it's been since 2008. but already you see businesses and consumers starting to hold back because of the dysfunction they see in washington. economists, business leaders, all think that we are poised to grow in 2013. as long as politics in washington don't...
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all of this money is taken out of the overall economy that will slow the overall economy. that is just the tax side of the equation. left unresolved is america's fundamental problem which is overspending and massive buildup of debt. i don't want to be harsh but we look a lot more like europe than we did a few days ago. arthel: are strong words, stu. so far the markets are rallying. you're saying hold onto your hats because the wind of changes are coming. >> the market is indeed going to rally. 22 minutes from now wall street opens up you will see maybe a 200 point gain for the dow jones industrial average. this is for two reasons. it's a relief rally because things could have been a whole lot worse. taxes could have gone up across the board and it is a relief rally because there is now a degree, a very limited degree of certainty about the tax rates that upper income people will face. so we will go up 200 points at the opening bell. how long it lasts is another story entirely because eight weeks from now we face another cliff. that is the debt ceiling cliff. and again that
all of this money is taken out of the overall economy that will slow the overall economy. that is just the tax side of the equation. left unresolved is america's fundamental problem which is overspending and massive buildup of debt. i don't want to be harsh but we look a lot more like europe than we did a few days ago. arthel: are strong words, stu. so far the markets are rallying. you're saying hold onto your hats because the wind of changes are coming. >> the market is indeed going to...
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economy right now. shipments of all kinds could actually be stuck on cargo ships if a longshoreman strike goes ahead as planned. the stakes for the recovery coming up. patti ann: high noon in those fiscal cliff negotiations. >> nothing have move forward in regards to our budget crisis unless speaker boehner and mitch mcconnell will go forward with our plan. speaker boehner is willing to negotiate, we have not heard a word from mitch mcconnell, and nothing is hang. patti ann: chris vanhollen joins us next. pwhrafp [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. . patti ann: fox news alert, potentially good news for the nation's housing market. pending home sales, which measure homes that are in contract and about to be sold rose 1.7% in november to
economy right now. shipments of all kinds could actually be stuck on cargo ships if a longshoreman strike goes ahead as planned. the stakes for the recovery coming up. patti ann: high noon in those fiscal cliff negotiations. >> nothing have move forward in regards to our budget crisis unless speaker boehner and mitch mcconnell will go forward with our plan. speaker boehner is willing to negotiate, we have not heard a word from mitch mcconnell, and nothing is hang. patti ann: chris...
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economy? -- damage the u.s. economy? since i've lost weight i have so much more energy than i used to, when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at letsfightfat.com. they don't help single moms. hi! hi! [ sarah ] what happened to our house last year? [ daughters ] it flooded and the water flooded out. yeah. [ sarah ] the red cross arranged the hotel for us. they gave me that break, that leverage, to be able to get it together and take care of them. you know? i feel like we've come full circle. [ daughter 1 ] like that! [ daughter 2 ] this is how i'll do it. [ sarah ] there you go. >> bret: peter lanza the father of newtown shooter adam lanza claimed his son's body. no word when they were claimed or
economy? -- damage the u.s. economy? since i've lost weight i have so much more energy than i used to, when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at...
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how does it help the broad economy though? >> what you're seeing is readjusting of the economy. most of this tax money comes out of those making 250,000 or mo more, an increase on those individuals. at the same time that we're finding out here on capitol hill about a decrease on those making 250 or less, so, majority of americans. when we have this increase on a very small portion, we see that those folks are welcoming this increase, a poll released the day before christmas put through american express and the harrison group, saw that 67% of those making 1% or more want today see this increase happen. >> all right. let me move on to todd, because i can tell you that there are a lot of tax increases just in this health care law, i didn't even mention some of them at the top of the show, todd. what i'm talking about additional payroll tax for those making more than $250,000, a taxable taxing and spending, and how much health care you can write off every year, and people don't know how much it will hurt them and the broad economy. >> that's right, they haven't seen it taken out of
how does it help the broad economy though? >> what you're seeing is readjusting of the economy. most of this tax money comes out of those making 250,000 or mo more, an increase on those individuals. at the same time that we're finding out here on capitol hill about a decrease on those making 250 or less, so, majority of americans. when we have this increase on a very small portion, we see that those folks are welcoming this increase, a poll released the day before christmas put through...
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in the long-term, the economy will suffer, but republicans may be able to say we tried to stop this, this is obama's deal, now he owns it. >> but they need to do better with communicating that exact message, really, if you look at what's going on here, obama has been persistent and bullheaded saying, it's my way or no way and i think he can wants to go over the cliff to demonize and at the same time bullying the middle class. >> and in the short-term run, that it is inevitable that the democrats will say you guys, you republicans, you put us offer the cliff because you were defending your rich millionaire friends, it's inevitable they will say that and that's a winning political line in the short-run. and over that, however, and you ask where is the leadership from this president, where is it? >> and here, stuart. >> doesn't he agree with you. >> americans with funny accent. let me ask you this question, explain to me and to the american people out there right now why you need to protect millionaires tax cuts in two sentences? >> okay, if you tax people over $250,000. >> wait a secon
in the long-term, the economy will suffer, but republicans may be able to say we tried to stop this, this is obama's deal, now he owns it. >> but they need to do better with communicating that exact message, really, if you look at what's going on here, obama has been persistent and bullheaded saying, it's my way or no way and i think he can wants to go over the cliff to demonize and at the same time bullying the middle class. >> and in the short-term run, that it is inevitable that...
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economy. it could cause worldwide implications. europe already is on the verge of trouble. to have the united states go off the edge would be catastrophic, for the world, for the global economy. kelly: juan, i was talking to a very good friend of mind who lives here in the united states. he is of course living here, came from paris, france. his friends overseas are saying what is going on with the united states? these guys are actually saying, why can't the united states get this together because so many people throughout the world depend on us. look, our white house chief correspondent ed henry reports the president is rushing back to washington late tonight to get this deal done but is there enough christmas spirit and cheer on capitol hill that there can be goodwill expressed towards republicans and democrats to work in harm any to harmony to find something amenable to everybody? >> i think public opinion out there, public opinion clearly is not favorable to republicans at this moment about
economy. it could cause worldwide implications. europe already is on the verge of trouble. to have the united states go off the edge would be catastrophic, for the world, for the global economy. kelly: juan, i was talking to a very good friend of mind who lives here in the united states. he is of course living here, came from paris, france. his friends overseas are saying what is going on with the united states? these guys are actually saying, why can't the united states get this together...
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is how our economy works best. that is how we grow. the sum total of all budget agreements we've reached so far prove there's is a path forward. that it is possible. if we focus not on our politic buzz what is right for the country. and the one thing i think hopefully we'll focus is seeing if we can put a package like this together with by little bit less drauma, more brinksmanship, not scare the heck out of folks quite as much. we can come together as democrats and republicans to cut spending and raise revenue in a way reduces our deficit, protects our middle class, provides ladders into the middle class for everybody willing to work hard, we can find a way to afford investments we need to grow and compete. we can settle this debate or at the least not allow it to be so all consuming all the time it stops us from meeting other challenges, creating jobs, boosting incomes. fixing our immigration systems. protecting our planet are from harmful affects of climate change. boosting domestic energy production. protecting our kids from horror
is how our economy works best. that is how we grow. the sum total of all budget agreements we've reached so far prove there's is a path forward. that it is possible. if we focus not on our politic buzz what is right for the country. and the one thing i think hopefully we'll focus is seeing if we can put a package like this together with by little bit less drauma, more brinksmanship, not scare the heck out of folks quite as much. we can come together as democrats and republicans to cut spending...
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you cover the economy every day. what does that mean to you and how does that affect the average person that will watch this go through? >> a lot of people entered the new year thinking i can't wait to file my taxes so i can get my tax return check. here is the irony and we will start from the bottom of the list. amt is my favorite thing to talk about because it's also known as the wealth tax. it was created 43 years ago because evil, greedy people were not paying their quote, unquote, fair share. this time it could affect $34 million people starting at $74,000. why? it was never indexed for inflation. it was one of these taxes put into plate for punitive measures very much like legislation we see all the time now, not to help the economy, but to somehow punish those people who seem to have the upper hand on all of us. as far as everything else is concerned, unemployment, let's talk about that. anyone receiving extended unemployment benefits, kiss those good-bye january 6th. the economy, it won't collapse january 1st
you cover the economy every day. what does that mean to you and how does that affect the average person that will watch this go through? >> a lot of people entered the new year thinking i can't wait to file my taxes so i can get my tax return check. here is the irony and we will start from the bottom of the list. amt is my favorite thing to talk about because it's also known as the wealth tax. it was created 43 years ago because evil, greedy people were not paying their quote, unquote,...
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but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off the cliff. in the month of january, people will live off their credit cards, but they can only do that so long. come february and march, the higher taxes will require adjustments in the spending habits of folk who is make between $25,000 and $100,000 a year. i would point out that this is no reason to give the president everything he wants and pass that bill that he proposes because if the republicans do that, they lose all their leverage. i have news for most people. if we dont curb our spending, everybody's going to have to pay the higher taxes in the end because things are flying out of ceil. >> no one's talking about spending cuts right now t. does not look like they will be part of the stop-gap measure. and the alternative minimum tax.
but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off the cliff. in the month of january, people will live off their credit cards, but they can only do that so long. come february and march, the higher taxes will...
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but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in the white house and it was constructive. we hope that it will bear fruit. but that is what we hoped a lot. i think that the next 24 hours will be very instructive as to what we are able to accomplish. >> if it doesn't work president obama wants lawmakers to vote on what would essentially be plan c. here is what it would include. focusing on three key area. keeping tax cuts for those making $250,000 a year or less. extending unemployment benefits and it would delay dramatic spending cuts until later next year. the top senate republican recognizes this is a critical time. >> we are engaged in discussions the ma
but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in...
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economy. take a look at this. according to a new report from the conference board now just to explain, a score of 90 on the conference board's index means the economy is healthy. the last time we saw that number was 2007. before the start of the financial crisis. over the last couple of months we have seen steady declines. november's report showed an index score of 71.5 and just 65.1 in december. that's the lowest number we have seen since august. matt mccall is the president of penn financial group. he jones us now live. how serious is this? >> it is extremely serious, gregg. we're seeing numbers backdating going back to november. what we haven't seen yet, we won't see until january the effect of the uncertainty of fiscal cliff and potential of falling off the fiscal cliff will have on the economy and have on consumers and potentially lead us back into as you mentioned what a lot of economists believe, another recession. gregg: what happens when fourth quarter earnings come out? >> nobody is
economy. take a look at this. according to a new report from the conference board now just to explain, a score of 90 on the conference board's index means the economy is healthy. the last time we saw that number was 2007. before the start of the financial crisis. over the last couple of months we have seen steady declines. november's report showed an index score of 71.5 and just 65.1 in december. that's the lowest number we have seen since august. matt mccall is the president of penn financial...
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economy. you said and something i disagree he with. >> 8% unemployment. 16 trillion dollar debt we're not moving forward, juan. >> we are moving forward. >> bill: no reason we're moving forward. >> yes, and i think that most americans disagree with you and think that the economy is finally starting to go for it and in fact. >> bill: based on what? >> if you just-- >> based on what? >> if you don't invest in education, infrastructure and the american people and just give money back to the rich then you go back to the days where, you know, less taxes, less regulations and-- >> you're both disagreeing, but you're agreeing in a round-about way and i've got to run. it's about money-- >> and a larger part of the identification, playing a large part-- >> no, this was about money. again, thank you for watching us tonight. i am bill o'reilly, please always remember that the spin stops right here and we're definitely looking out for u >>> right now, brand-new stories and breaking news. >> all eyes on th
economy. you said and something i disagree he with. >> 8% unemployment. 16 trillion dollar debt we're not moving forward, juan. >> we are moving forward. >> bill: no reason we're moving forward. >> yes, and i think that most americans disagree with you and think that the economy is finally starting to go for it and in fact. >> bill: based on what? >> if you just-- >> based on what? >> if you don't invest in education, infrastructure and the...
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keep some the money in the economy. that's good for the markets, that's good for folks working at different establishments and businesses and products. but there still a major problem out there, especially when you look at the u.s. deficits and debt and some investors are saying that congress still needs to address structural debt problems. >> if we get a fiscal deal that really addresses the long-term trajectory, that might be the final piece of the rubiks cube that could lift markets and take them up to double digits gains for 2013. >> and, of course, bret, as have you been reporting, it's unlikely we are going to get a structural debt deal in just the next three and a half hours, bret. >> bret: last thing, we are now saying that this is going to happen. we are going to go over the cliff and we might as well start calling it the fiscal valley because we are dealing with it tomorrow. congress could still do things that happen before wednesday when the markets come back in session. from a market perspective, what happen
keep some the money in the economy. that's good for the markets, that's good for folks working at different establishments and businesses and products. but there still a major problem out there, especially when you look at the u.s. deficits and debt and some investors are saying that congress still needs to address structural debt problems. >> if we get a fiscal deal that really addresses the long-term trajectory, that might be the final piece of the rubiks cube that could lift markets...
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if you -- you used the right word, cripple the economy. the ports in this country are the backbone of our trade, both export and imports and i've read estimates of $100 billion or more comes in and out. so it cook devastating, and reverberate throughout the economy. retailers, wholesalers. food distributors, everybody would be affected by the strike if it goes forward. >> exactly what do the unions want and what is management willing to do? how far apart are the two groups? >> it's interesting. they're not really -- normally in a wage dispute with the union,ettes it's about wages and benefits but in this case it's not. what the unions are objecting to, according to the media reports i've been seeing, is they object to new kinds of work rules and new kinds of efficiencies that the port systems want to put in place to make the ports more productive, lower costs. that's happening -- you cover these markets every day. it's happening in every industry in america and they're objecting to putting in machinery, doing things that might take one wor
if you -- you used the right word, cripple the economy. the ports in this country are the backbone of our trade, both export and imports and i've read estimates of $100 billion or more comes in and out. so it cook devastating, and reverberate throughout the economy. retailers, wholesalers. food distributors, everybody would be affected by the strike if it goes forward. >> exactly what do the unions want and what is management willing to do? how far apart are the two groups? >> it's...
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economy. now the overall deal is at 100% signed off on by februar february 6, then we are right back to where we were this morning and again the national retail federation and the florida governor rick scott will be urging president obama to prevent a strike invoking the tap partly act and something not done since president george w. bush did it in 2002. back to you. >> doug: phil keating in miami. the so-called milk cliff that would also kick in to effect the lawmakers can't avoid the fiscal cliff they be averted now. hill source tells fox news and the senate agriculture leaders working on a year long extension of all farm programs. the source noted that the truman era law is so old it would take weeks to implement. even if the old law expires don't expect immediate spike if milk prices. >>> congress is still working to find agreement on the $60.4 billion emergency spending bill for hurricane sandy victims. some conservatives want the government to cut back spending in other areas in exchange
economy. now the overall deal is at 100% signed off on by februar february 6, then we are right back to where we were this morning and again the national retail federation and the florida governor rick scott will be urging president obama to prevent a strike invoking the tap partly act and something not done since president george w. bush did it in 2002. back to you. >> doug: phil keating in miami. the so-called milk cliff that would also kick in to effect the lawmakers can't avoid the...
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i mean, you could kind of smell it, you could feel it in the economy. no one was excited about this holiday season. everyone felt as though they had very little clarity on where the future was economically, so it really didn't surprise me. plus, i walked around malls, around new york. you saw a lot of people, you didn't see a lot of bags, so i was not shocked by this. gregg: is 2012 the year of indecisiveness? >> yeah, that's exactly the way i would put it. going all the way through, at the beginning was obamacare going to be overturned, because we might see hiring pickup. remember, obamacare's a drain on the finances of a lot of companies, so people didn't make a lot of decisions until that supreme court decision came out. now there's questions about fiscal cliff, and as a result of that, everyone has basically inherent inertia. nobody wants to move forward, make decisions. it's a very tough economic environment. gregg: you know, out in the shopping malls it's really being felt, and we measure that, right, with shopper track? >> yes. and shopper track
i mean, you could kind of smell it, you could feel it in the economy. no one was excited about this holiday season. everyone felt as though they had very little clarity on where the future was economically, so it really didn't surprise me. plus, i walked around malls, around new york. you saw a lot of people, you didn't see a lot of bags, so i was not shocked by this. gregg: is 2012 the year of indecisiveness? >> yeah, that's exactly the way i would put it. going all the way through, at...
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he said the economy was too fragile for a tax increase. the economy is more fragile now than it was two years ago. if the president were to make an announcement tonight and be a real statesman we are at a deadlock here, we can't reach an agreement, i am going to agree for the good of the country and good of the economy to extend the tax cuts for everybody for 6 months until we get this resolved we wouldn't be talking the fiscal cliff that would take statesmanship from the president and it would do the economy a world of good and i wish that would happen. think about this, this is a major situation. we are almost 24-hours away from the new year. no business, no investor, no worker knows what the capital gains tax will be the personal tax is going to be the social security tax will be alternative minimum tax will be. it is like a third world country we are right to blame both parties in congress because they have to get their act together and get this done. >> i don't just blame both partys in congress i blame the president, too. this is abo
he said the economy was too fragile for a tax increase. the economy is more fragile now than it was two years ago. if the president were to make an announcement tonight and be a real statesman we are at a deadlock here, we can't reach an agreement, i am going to agree for the good of the country and good of the economy to extend the tax cuts for everybody for 6 months until we get this resolved we wouldn't be talking the fiscal cliff that would take statesmanship from the president and it would...
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we'll ruin the economy. but where we were? where were we for the pass month, and the month before that, and the month before that, dealing what we knew was going to be the very set of circumstances that we face today. >> reporter: it sounds like republican senators were planning to meet at 2:00pm to dismust where things stood with this deal. now we are hearing from sources in the republican senate ranks essentially that they will meet when they feel like the process is far enough along to actually have a meeting. earlier the top senate democrat harry reid did not say much. >> discussions continue today on a plan to protect middle class families from a tax increase tomorrow. there are a number of issues on which the two sides are still apart, but negotiations are continuing as i speak. >> reporter: i've talked to numerous people involved in these very delicate talks at this point who are expressing a lot of concern about peuz coming out at the the bottom of the hour to talk about this issue at such a delicate time in negotiatio
we'll ruin the economy. but where we were? where were we for the pass month, and the month before that, and the month before that, dealing what we knew was going to be the very set of circumstances that we face today. >> reporter: it sounds like republican senators were planning to meet at 2:00pm to dismust where things stood with this deal. now we are hearing from sources in the republican senate ranks essentially that they will meet when they feel like the process is far enough along to...
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the economy is ready to grow next year. china has bottomed, europe has stabilized so there are some things in place that can help offset these additional taxes and cuts to government spending. >> now, you mentioned two years ago shall the spending cuts, the fiscal cliff, it was designed to force washington to deal with the nation's long-term debt problem. and instead, here we are, a final hour, who knows what will happen next and i want to specifically ask you about the lack of progress on those structural issues like entitlement spending because even the plan c isn't touching that. so that means regardless of what happens before january 1st, investors will then be dealing with a certain degree of political risk long-term after the fiscal cliff deadline has passed. so, how will that affect the market on the economy in terms of spending cuts? >> well, my fear is that the compromise will be that we get the tax increases and they postpone the spending cuts and that's the ultimate objective. >> yes he. >> and you know, that is
the economy is ready to grow next year. china has bottomed, europe has stabilized so there are some things in place that can help offset these additional taxes and cuts to government spending. >> now, you mentioned two years ago shall the spending cuts, the fiscal cliff, it was designed to force washington to deal with the nation's long-term debt problem. and instead, here we are, a final hour, who knows what will happen next and i want to specifically ask you about the lack of progress...
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let's make sure that middle-class families and the american economy and in fact the world economy are not adversely impacted because people can do their can't do their jobs. >> arthel: now the latest. >> discussions are ongoing but we shouldn't expect any announcements before senators are briefed. key players are pretty tight-lipped. after a white house meeting yesterday, one of the top negotiators sounded hopeful. >> we had a longs meeting in the white house, very constructive. we hope that it will bear fruit. i think that the next 24 hours will be very instructive as to what we're able to accomplish. >> reporter: sources say john boehner referred to his senate colleagues and told them house leaders would consider their plan. one item raising the debt limit is not expected to be a part of any final compromise. if senate leaders fail the president wants congress to vote his plan keeping tax cuts for making $250,000 a year less, extending unemployment benefits for some 2 million people and delaying spending cuts until later this year. white house officials that top senate republican wi
let's make sure that middle-class families and the american economy and in fact the world economy are not adversely impacted because people can do their can't do their jobs. >> arthel: now the latest. >> discussions are ongoing but we shouldn't expect any announcements before senators are briefed. key players are pretty tight-lipped. after a white house meeting yesterday, one of the top negotiators sounded hopeful. >> we had a longs meeting in the white house, very...
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or do did you focus on the fundamental economy? that is where the market gets to the crossroads when we pass this issue. >> i think the economy is a powder keg waiting to spread. we have green chutes or bright spots in housing. and unemployment seems to be improving. we will get the next report next week for december and we hope the fiscal cliff does not thwart this but the underlying health of the economy is as good as its has been, do you agree, the laugh year or two? >>guest: well, it has been a bad one or two years, so, yes, if you look at it, i agree, it is half full. the glass needs to be a lot more full to keep stocks up at this level. >> we do not want to get ahead of ourselves and i was trying to be bullish on the economy because economists are looking for a downgrade next quarter at 2 percent growth but we have to go back to what happened after tarp, there was so much commotion and people were so concerned about that and the markets sold off and they sold off deeper but came back big. >>guest: over a series of years from
or do did you focus on the fundamental economy? that is where the market gets to the crossroads when we pass this issue. >> i think the economy is a powder keg waiting to spread. we have green chutes or bright spots in housing. and unemployment seems to be improving. we will get the next report next week for december and we hope the fiscal cliff does not thwart this but the underlying health of the economy is as good as its has been, do you agree, the laugh year or two? >>guest:...
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we need to dit at all cost and regulatory burden on economy he doesn't care about. this president i'm afraid, we have to hope that markets will tolerate the debt, level of the debt and deficit for few more years because i don't think he will allow serious evident to reduce it. >> bret: that is it for panel. stay tuned to see and hear how you can have even more "special report" tonight. that's right.
we need to dit at all cost and regulatory burden on economy he doesn't care about. this president i'm afraid, we have to hope that markets will tolerate the debt, level of the debt and deficit for few more years because i don't think he will allow serious evident to reduce it. >> bret: that is it for panel. stay tuned to see and hear how you can have even more "special report" tonight. that's right.
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some held their nose and voted for it fearing they would be blamed for taking the economy off the fiscal cliff. >>gregg: mike, many house republicans said they felt they were in a bad position. >>reporter: there was great time pressure with the clock ticking to the new year's deadline and time running out on the 112th congress. a sign of some of the tension on friday at the white house fox news confirmed house speaker boehner tolded harry reid to go bleep himself twice after he accused him running the house of representatives like a dictatorship and was more concerned about the job rather than a deal. now the house conservatives say it is time to cut the spending. >> i am a house conservatives that is just that. you people that are kicking the can, give me the can. what we are going to do is draw a line in the sand and demand you don't bring anything forward unless you have the spending cuts. >> she talked of delaying the tough decisions and we expect the spending fights to take soon into the new congress. >>gregg: the profanity is escalating. just like the rest of us, aren't they? >> no
some held their nose and voted for it fearing they would be blamed for taking the economy off the fiscal cliff. >>gregg: mike, many house republicans said they felt they were in a bad position. >>reporter: there was great time pressure with the clock ticking to the new year's deadline and time running out on the 112th congress. a sign of some of the tension on friday at the white house fox news confirmed house speaker boehner tolded harry reid to go bleep himself twice after he...